Sunday, September 27

Airtel readies its mobile money for international transfers

To enable its customers across various locations and countries where its services are currently being enjoyed, Airtel is repositioning its mobile money platform to offer international transfer services.

According to Airtel Zambia Managing Director Peter Correia, the mobile telecommunications, “company will soon start international money transfers that will spread across the company’s operations.” Mr. Correia made this known in Lusaka, Zambia’s capital on Tuesday.

Airtel currently has locations in 17 African countries including Nigeria, Zambia, Malawi and Kenya. The company revealed that Airtel money has grown by approximately 300% between 2014 and 2015, adding that corporate clients are now using the platform to pay salaries of their employees.

Airtel readies its mobile money for international transfers Technology: General

Airtel money country director Brenda Thole said the company will also introduce debit cards and also facilitate internet payments within the next six months.

“Airtel money product will help facilitate trade in the Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (Comesa) regions,” Thole said.

Airtel is one of the leading GSM companies in Nigeria. Besides having a stronghold on the Nigerian telecom market, it also enjoys good market share in Zambia where it currently has over 4 million mobile money subscribers; while MTN Zambia has a little above 3 million mobile money subscribers.

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